MarketAxess (NASDAQ:MKTX - Free Report) had its target price lowered by UBS Group from $305.00 to $295.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the financial services provider's stock.
A number of other analysts have also commented on MKTX. Barclays lifted their price target on MarketAxess from $225.00 to $232.00 and gave the stock an "equal weight" rating in a report on Monday, April 7th. Piper Sandler cut their price target on shares of MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Bank of America raised their price objective on shares of MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a report on Wednesday, April 2nd. The Goldman Sachs Group reduced their target price on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $252.11.
Check Out Our Latest Analysis on MKTX
MarketAxess Stock Up 5.5 %
NASDAQ MKTX traded up $11.49 on Monday, reaching $221.81. The company had a trading volume of 1,218,949 shares, compared to its average volume of 485,332. The company's fifty day moving average is $204.99 and its 200 day moving average is $235.29. MarketAxess has a 52-week low of $186.84 and a 52-week high of $296.68. The stock has a market capitalization of $8.36 billion, a P/E ratio of 30.51, a P/E/G ratio of 3.89 and a beta of 1.12.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, beating the consensus estimate of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. On average, research analysts expect that MarketAxess will post 7.79 EPS for the current year.
MarketAxess Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.37%. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Wednesday, February 19th. MarketAxess's payout ratio is presently 41.82%.
Hedge Funds Weigh In On MarketAxess
Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in MarketAxess by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 4,434,946 shares of the financial services provider's stock worth $1,002,475,000 after buying an additional 90,805 shares in the last quarter. FMR LLC grew its holdings in shares of MarketAxess by 17.4% during the fourth quarter. FMR LLC now owns 2,300,536 shares of the financial services provider's stock worth $520,013,000 after purchasing an additional 341,493 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of MarketAxess by 11.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,298,409 shares of the financial services provider's stock worth $519,533,000 after purchasing an additional 236,118 shares during the last quarter. Van ECK Associates Corp raised its stake in MarketAxess by 13.4% in the fourth quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider's stock valued at $452,246,000 after purchasing an additional 236,497 shares in the last quarter. Finally, Primecap Management Co. CA lifted its position in MarketAxess by 2.3% during the fourth quarter. Primecap Management Co. CA now owns 1,369,102 shares of the financial services provider's stock valued at $309,472,000 after purchasing an additional 30,180 shares during the last quarter. 99.01% of the stock is currently owned by institutional investors.
About MarketAxess
(
Get Free Report)
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.
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